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HPQ HP Inc

28.145
-0.125 (-0.44%)
Last Updated: 20:29:08
Delayed by 15 minutes
Share Name Share Symbol Market Type
HP Inc NYSE:HPQ NYSE Common Stock
  Price Change % Change Share Price High Price Low Price Open Price Shares Traded Last Trade
  -0.125 -0.44% 28.145 28.435 28.03 28.18 2,331,964 20:29:08

HP Shares Fall After Xerox Ends Hostile Takeover Bid

01/04/2020 4:13pm

Dow Jones News


HP (NYSE:HPQ)
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From Apr 2019 to Apr 2024

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By Colin Kellaher

 

Shares of HP Inc. fell more than 8% in early trading Wednesday after Xerox Holdings Corp. abandoned its hostile pursuit of it larger rival.

Xerox shares also moved lower amid a down market Wednesday.

Xerox on Tuesday said it was ending its more than $30 billion tender offer for HP after the coronavirus pandemic undermined its ability to pull off the debt-laden takeover.

HP shares were recently trading at $15.85, down 8.7%, while Xerox shares were changing hands at $18.27, down 3.5%.

 

Write to Colin Kellaher at colin.kellaher@wsj.com

 

(END) Dow Jones Newswires

April 01, 2020 10:58 ET (14:58 GMT)

Copyright (c) 2020 Dow Jones & Company, Inc.

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